Effective money management is the cornerstone to successful trading. The InGauge Sizer lets you connect your choice of the top money management formulas to any strategy for optimal position sizing in manual or automated trading, taking account of your buying power, specified portfolio allocation and risk tolerance. Your strategy knows when it wants to trade to enter, and the InGauge sizer tells it how much.
The InGauge Sizer is extremely simple to use with any existing Tradestation trading strategy. Simply insert the included function IG.SharesToTrade into your existing EasyLanguage code, where you would normally specify the static quantity of shares you would like to trade to enter.
Example EasyLanguage Code:
If close > close[10] then buy IG.SharesToTrade shares next bar at market;
Sizer
As you activate strategies that include the IG.SharesToTrade function onto charts, the symbols are auto populated into the Sizer app’s symbol dropdown box. Then configure the Sizer’s settings for that symbol by choosing the account, account type, position sizing model, then set the model’s inputs. As the realtime strategy takes upcoming entry trades, the Sizer dynamicaly passes the correct entry trade share amount to the strategy for optimal account money mangement.
To aid in strategy deactivation and reactivation, Sizer automatically saves all inputs to file after each adjustment to preserve all settings per symbol, so these inputs are automatically recalled upon reapplying the strategy to a particular symbol after platform restarts, or reactivating the strategy to a chart containing that symbol.